As a business owner, there is no shortage of things that you need to manage on a daily basis. Whether it’s supervising employees, connecting with new clients or anything in between, and there are also a lot of unpredictable situations happened and it may destroy your business.

A business owners policy (BOP) is a good option for small and midsized businesses, and it can offer you plenty of advantages, including:

Broad coverage—BOPs cast a wide net of protection by bundling a number of different types of coverage
into one plan. In general, BOPs provide commercial property, general liability and business interruption
coverage in one policy.

Cost savings—Every dollar counts for small and midsized businesses, and BOPs can provide cost savings by combining the aforementioned policies so that you don’t have to go out and purchase each one separately.

Coverage for medical expenses—CGL policies will provide protection for your company if a nonemployee is injured on your premises or in an incident related to your operations. Coverage for medical payments can be triggered without legal action and allows for smaller medical claims to be settled quickly and without litigation.

Customization—While BOPs cover multiple types of risk for your business, you don’t need to worry about
buying something that you don’t need. These policies can be tailored to fit your business’s needs with
additional coverage for risks such as cyber liability, equipment breakdown, personal and advertising injury, and more.

Learn More About Business Owners Policy (BOP) Insurance
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• Stay in the kitchen when you are cooking on the stovetop so you can keep an eye on the food.
• Stay in the home when cooking your turkey and check on it frequently.
• Keep children away from the stove. The stove will be hot and kids should stay 3 feet away.
• Make sure kids stay away from hot food and liquids. The steam or splash from vegetables, gravy or coffee could cause serious burns.
• Keep the floor clear so you don’t trip over kids, toys, pocketbooks or bags.
• Keep knives out of the reach of children.
• Be sure electric cords from an electric knife, coffee maker, plate warmer or mixer are not dangling off the counter within easy reach of a child.
• Keep matches and utility lighters out of the reach of children — up high in a locked cabinet.
• Never leave children alone in room with a lit candle.
• Make sure your smoke alarms

(Source: National Fire Protection Association)

The insurance carriers have noticed that you may be experiencing stress and financial hardships due to the coronavirus pandemic. Because of the Stay-at-Home order by the government, fewer drivers are on the road, which means fewer accidents. With this in mind, personal auto insurance carriers are beginning to announce credit refunds from the premiums of April and May in Personal Auto policies.

The refunds will begin in April and will be issued either by check or in the manner the consumer made his/her most recent payment. The payments will happen automatically, and consumers do not need to call the insurance carrier to receive the refund. The insurance carriers listed below have made announcements to offer payment flexibility options, waived late fees and refunds.

Safeco
a. 15% refund
b. No non-pay cancellations and no late charges from March 23 to May 22
c. Delivery coverage expansion for Personal Auto policies for losses occurring from March 16 to May 22, and reported by July 1

Progressive
a. 20% refund
b. No non-pay cancellations from April 1 to May 15

MetLife
a. 60-day grace period for non-payment prior to receiving cancellation notice. If your grace period is longer than 60 days, you will keep the favorable grace period.
b. Premium deferrals up to 30 days, per insured’s request. Late fees waived, per insured’s request.

Nationwide
a. $50 refund
b. No non-pay cancellations and no late charges starting March 11

Liberty Mutual
a. 15% refund
b. No late fees for the time being

Mercury
a. 15% refund

Travelers
a. 15% refund

Allstate
a. 15% refund

Farmers
a. 25% refund in April. Not yet announced for the month of May
b. No non-pay cancellations until May 1

Geico
a. 15% refund
b. No non-pay cancellations until April 30

State Farm
a. 25% refund on average

AAA
a. 20% refund from March 16 to May 15

Stillwater
a. 60-day grace period for non-payment prior to receiving cancellation notice

Pacific Specialty
a. 60-day grace period for non-payment prior to receiving cancellation notice

Thank you for visiting our website. We look forward to servicing you. Should you have any other insurance needs, please feel free to contact our office. We will definitely do our best to serve you and provide you with competitive rates.